111 Receives Going-Private Proposal From Co-Founders, Huadeng Tech BioArray Ventures

05:01 AM EDT, 09/17/2026 (MT Newswires) -- 111 (YI) said Thursday that it received an unsolicited, preliminary going-private proposal from co-founders Gang Yu and Junling Liu, and Huadeng Tech BioArray Ventures. The non-binding proposal is for Class A shares, represented by American depositary shares, not owned by the buyers, at $0.226 per Class A Share or $4.52 per ADS, 111 said. 111 said the buyers intend to fund the deal with equity capital, in the form of rollover equity in the company, and cash. 111's board has not yet evaluated the proposal, and there is no certainty of a definitive offer or agreement, the company added. The company said the proposal may not result in a definitive offer or agreement, and there is no guarantee any transaction will be completed. Shares of the company were up 8.3% in Thursday's premarket activity.